Compounding of negotiable instrument offences permits settlement and release when parties compensate and consent at appellate stages. Compounding under Section 147 of the Negotiable Instruments Act may be invoked at trial, appeal or revision where parties settle by payment and consent; ... Summary
Compounding of negotiable instrument offences permits settlement and release when parties compensate and consent at appellate stages.
Compounding under Section 147 of the Negotiable Instruments Act may be invoked at trial, appeal or revision where parties settle by payment and consent; courts treat the dishonour under Section 138 as a civil wrong with criminal penalties and may allow compounding, direct deposit of amounts and release from imprisonment to give effect to the compensatory mechanism.
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TaxTMI 
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